SOURCE: Lehigh Technologies, Inc.

May 30, 2007 10:00 ET

Green Products Demand Prompts Lehigh Technologies to Triple Capacity

Company Search for Two New Plant Sites Narrowed to Seven States

NAPLES, FL--(Marketwire - May 30, 2007) - Lehigh Technologies, Inc., a leading manufacturer of engineered rubber powder, today announced it is on track to triple production capacity of its ultra-fine rubber powder and is in the final phase of the company's search for two new plant sites.

According to Dennis Gormley, CEO of Lehigh Technologies, "Our customers are asking us to help them in making a positive impact on the environment. We have reached a tipping point. Industries are embracing our rubber powder technology, which can lessen our nation's dependence on oil, and they are turning to us for technology and products that take on environmental sustainability."

Lehigh executives have narrowed down the location of the plants to seven states including Alabama, California, Georgia, Mississippi, North Carolina, Pennsylvania and Tennessee. Each site will employ 75 to 100 skilled workers and the facilities that Lehigh will build/operate will be approximately 100,000 square feet.

Gormley said the company plans to break ground in 2007 for one plant and early 2008 for the other. Once completed, Lehigh will have the ability to deliver more than 300 million pounds of its engineered rubber powder to manufacturers across the automotive, rubber, plastics and other polymer product based industries.

Since its founding in 2006, Lehigh Technologies has seen dramatic growth in the manufacturing industry's use of its high-quality, ultra-fine rubber powder, with customers from industries such as tire, automotive, plastics, paints and sealants manufacturing choosing Lehigh's rubber powder as an additive or modifier to replace petroleum-derived synthetics in their manufacturing processes. To help Lehigh satisfy demand for its engineered rubber powder, The Staubach Company, a market leading global real estate advisory firm, will lead the search for the sites of two new plants and will help each selected community reap the economic benefits of new industry.

"We are excited to be working with a top-class firm like Staubach to help us select the best site for our new plants and effectively roll out our plans for expansion," states Anthony Cialone, founder and COO of Lehigh. "We are heartened that we can continue to expand our business to not only help communities economically, but to also impact our country environmentally. As new industries embrace our rubber powder, we can lessen our dependency on oil and produce more 'value-added green' products."

Lehigh currently has one production facility located in Tucker, Georgia. The facility generates no environmental waste of any kind and requires no air, water, pollution or other permits.

"It's always a pleasure to help companies expand into different communities around the nation," states former NFL quarterback Roger Staubach, founder of The Staubach Company.

Keith Scott, Vice President of Staubach's Business and Economic Incentives Practice expanded on this enthusiasm by stating, "With Lehigh, we're going beyond the traditional economic benefits of job creation and capital investment to include world-wide environmental benefits. Lehigh is making a difference, with its rubber recycling process, working to reduce greenhouse gas emissions as well as cutting the number of tires going to local landfills and burn facilities. Lehigh anticipates that its presence may encourage and attract other companies to set up camp nearby, helping to drive new green technology centers in the states currently under consideration."

About The Staubach Company

The Staubach Company (www.staubach.com) is a market leading global real estate advisory firm that delivers cost-effective solutions for the users of office, industrial and retail space. It has extensive experience in strategic consulting, site selection, acquisition, disposition, construction consulting / project management, real estate administration, portfolio management, financing and capital solutions. Almost 1,500 people in 68 offices throughout the Americas represent Staubach's 2,850 clients. Staubach completed 6,750 transactions totaling $26 billion and 835 million square feet during the fiscal year ending June 2006. Worldwide, the DTZ Staubach Tie Leung partnership has 12,000 professionals delivering services and solutions to multinational clients.

About Lehigh Technologies, Inc.

Lehigh Technologies provides engineered ultra-fine rubber powder that delivers enhanced performance, as well as manufacturing cost savings and environmental benefits, at a price point that is affordable and sustainable for low-to-high volume applications. Unlike crumb rubber recyclers and other suppliers in the past, Lehigh produces engineered performance fillers, modifiers and additives enabling manufacturers across a variety of industries to easily include rubber powder as a strategic ingredient into their manufacturing process without compromising the integrity of their products. Headquartered in Naples, Florida, the company is privately held and backed by major private equity investors. For more information, please visit www.lehightechnologies.com.

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